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Project Citation: 

Ardagna, Silvia, and Caselli, Francesco. Replication data for: The Political Economy of the Greek Debt Crisis: A Tale of Two Bailouts. Nashville, TN: American Economic Association [publisher], 2014. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E114309V1

Project Description

Summary:  View help for Summary We review the events that led to the May 2010 and July 2011 bailout agreements. We interpret the bailouts as outcomes of political-economy equilibria. We argue that these equilibria were likely not on the Pareto frontier, and sketch political-economy arguments for why collective policymaking in the Euro area may lead to suboptimal outcomes.

Scope of Project

JEL Classification:  View help for JEL Classification
      E58 Central Banks and Their Policies
      E62 Fiscal Policy
      F34 International Lending and Debt Problems
      G01 Financial Crises
      H61 National Budget; Budget Systems
      H63 National Debt; Debt Management; Sovereign Debt


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